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Planet 13 Holdings Inc. (PLNH) Financial Analysis and Rating
Comparison Analysis Based on SEC Data
| Company Name | Planet 13 Holdings Inc. |
| Industry (SIC) | 01 - Agricultural Production Crops |
| Revenue in 2025 | $103,379 thousand (ranked #10 out of 16 companies in the industry) |
| Assets as of 12/31/2025 | $152,278 thousand (ranked #12) |
| Analyzed report | 12/31/2024 (filed 3/26/2025) |
Year:
Financial Position and Performance
| Compared with 2024 industry ratios | Change during the year |
|---|---|
|
better |
deteriorated |
| Compared with all listed companies |
|---|
|
about the same |
Financial Ratios Benchmarking
| Financial Ratio | Comparison of company ratios for 2024 | ||
|---|---|---|---|
|
with industry ratios (01 - Agricultural Production Crops) |
with all listed companies | ||
| Solvency Ratios | |||
| Debt ratio |
0.45
0.52
|
0.45
0.61
|
|
| Debt-to-equity ratio |
0.83
0.83
|
0.83
1.35
|
|
| Liquidity Ratios | |||
| Current Ratio |
2.14
1.63
|
2.14
1.78
|
|
| Quick Ratio |
0.98
0.71
|
0.98
1.06
|
|
| Cash Ratio |
0.92
0.28
|
0.92
0.59
|
|
| Profitability Ratios | |||
| Profit margin |
-41.1%
-23.4%
|
-41.1%
3%
|
|
| ROE (Return on equity), after tax |
-43.3%
-32.9%
|
-43.3%
5.1%
|
|
| ROA (Return on assets) |
-26.6%
-11.1%
|
-26.6%
0.9%
|
|
| Activity Ratios | |||
| Asset turnover (days) |
564
785
|
564
776
|
|
| Receivables turnover (days) |
4
25
|
4
48
|
|
| Resulting score | +0,6 | 0,0 | |
Year:
Additional Ratios (not used in score calculation)
| Financial Ratio | Comparison of company ratios for 2024 | ||
|---|---|---|---|
|
with industry ratios (01 - Agricultural Production Crops) |
with all listed companies | ||
| Profitability Ratios | |||
| Gross margin |
48.2%
29.9%
|
48.2%
43.6%
|
|
| Activity Ratios | |||
| Inventory turnover (days) |
117
117
|
117
88
|
|
| Price Ratios | |||
| Earnings per Share (basic) | $-0.16 | ||
Auditor's Conclusion
We have performed a comparative analysis of the balance sheet and income statement of Planet 13 Holdings Inc. (hereafter – the "Company") for the year 2024 as filed with the U.S. Securities and Exchange Commission (SEC). The primary business activity of the Company is "Agricultural Production Crops" (SIC code 01). In our analysis, we compared the key financial ratios of the Company with the average (median) values of those ratios calculated for the Company's specific industry sector and for all companies. The averages were calculated using data from 2024 financial statements filed with the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By comparing each of the eleven key metrics to the median, we have reached an overall conclusion about the quality of the Company's financial condition. All calculations and conclusions were performed using software and methodologies developed by ReadyRatios.
Based on our analysis of the Company's key financial ratios, we have determined the following. The financial condition of Planet 13 Holdings Inc. in 2024 is better than the typical financial condition of companies in the "Agricultural Production Crops" industry.
The average ratios for this industry are below the average for all companies. For this reason, the Company shows a weaker result compared to all businesses. The financial position of Planet 13 Holdings Inc. is about the same as the average financial condition of listed companies that file financial statements with the U.S. Securities and Exchange Commission.